The investment objective of the Fund is to replicate the performance of the MSCI AC Far East ex Japan Index (the Index), while minimising as far as possible the tracking error between the Funds performance and that of the Index. The Index is a market-capitalisation weighted index designed to measure the performance of large and mid-cap companies from both developed and emerging market countries in the Far East (excluding Japan). The Fund may be in a position to hold up to 35% of the Funds Net Asset Value in one constituent of the Index issued by the same body, due to exceptional market conditions.